NY Archdiocese announces layoffs amid financial restructuring and ...

Nov 8, 2024 · Cardinal Timothy Dolan laid off 18 employees on Nov. 8 as part of a financial restructuring across various offices of the Archdiocese of New York to save at least $1.5 …

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NY Archdiocese Announces Layoffs Amid Financial Restructuring And ...

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Nov 8, 2024 · Cardinal Timothy Dolan laid off 18 employees on Nov. 8 as part of a financial restructuring across various offices of the Archdiocese of New York to save at least $1.5 …

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New York Archdiocese Plans Staff Layoffs | News Headlines

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Nov 11, 2024 · CWN Editor's Note: Cardinal Timothy Dolan of New York has disclosed that the archdiocese will lay off 4% of its staff, trimming $1.5 million of the archdiocesan budget. The …

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NY Archdiocese Announces Layoffs Amid Financial Restructuring And ...

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Nov 8, 2024 · Cardinal Timothy Dolan laid off 18 employees on Nov. 8 as part of a financial restructuring across various offices of the Archdiocese of New York to save at least $1.5 …

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Cardinal Says More Cuts To Follow As Archdiocese Sacks 4% Of HQ …

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Nov 8, 2024 · The red hat is handing out 18 pink slips. Cardinal Timothy Dolan, the head of the New York Archdiocese, said that after selling its First Ave. headquarters to a developer, the …

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NY Archdiocese Announces Layoffs Amid Financial Restructuring And ...

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Nov 10, 2024 · Cardinal Timothy Dolan laid off 18 employees on Nov. 8 as part of a financial restructuring across various offices of the Archdiocese of New York to save at least $1.5 …

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FAQs about NY Archdiocese announces layoffs amid financial restructuring and ... Coupon?

Why is the Archdiocese of New York laying off workers?

T he Roman Catholic Archdiocese of New York has laid off several workers due to budget issues and financial settlements over sex abuse claims. Cardinal Timothy Dolan, head of the Archdiocese, announced earlier this month that the diocese is laying off 18 employees as part of a financial restructuring of the regional body. ...

Will layoffs save the Archdiocese?

The layoffs are expected to save the archdiocese over $1.5 million annually. This comes after the recent sale of the Cardinal Cooke headquarters building in Midtown Manhattan for over $100 million. The archdiocese plans to relocate its administrative offices to a smaller building on Madison Avenue. ...

Why did the Archdiocese reorganize?

The financial reorganization, which also includes selling the Cardinal Cooke Building in New York City, which has served as the Archdiocese's headquarters, was due to "undisclosed financial pressures," The National Catholic Reporter reports. ...

What can the Archdiocese do with the savings?

Despite these challenges, the archdiocese plans to use some of the savings to provide grants to parishes, especially for initiatives such as special masses for immigrant communities, according to the New York Post. ...

How much will a pink slip save the Archdiocese?

Matthew McDermott The pink slips are going to 18 staffers, or about 4% of the work force involved in the archdiocese’s administration, and will save more than $1.5 million as officials focus more resources on parishes, according to the Church and Catholic media. ...

Why are Catholic church donations declining?

Such pressures are believed to include an overall decline in donations, especially in recent years due to the COVID-19 pandemic lockdowns, as well as ongoing financial settlements related to the Catholic Church clergy sex abuse scandal. ...